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The High Court held that an assessee undertaking substantial expansion of a unit eligible for 100% deduction under Section 80-IC can claim the same 100% deduction on profits from the expanded unit, even if it's beyond the initial five-year period. The Supreme Court's decision in Aarham Softronics was cited as binding.
The High Court condoned the delay in filing the appeal and set aside the ITAT's orders. The ITAT was directed to decide the appeal on its merits.